MANNATECH INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
MTEX$8.56-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (unaudited)
(in thousands, except per share information)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $31,725 | $32,553 | $88,858 | $99,261 |
| Cost of sales | 8,105 | 6,625 | 20,763 | 21,042 |
| Gross profit | 23,620 | 25,928 | 68,095 | 78,219 |
| Operating expenses: | ||||
| Commissions and incentives | 12,893 | 13,178 | 36,237 | 40,200 |
| Selling and administrative expenses | 9,840 | 12,578 | 31,293 | 38,088 |
| Total operating expenses | 22,733 | 25,756 | 67,530 | 78,288 |
| Income (loss) from operations | 887 | 172 | 565 | (69) |
| Interest expense, net | (109) | (17) | (196) | (3) |
| Other (expense) income, net | (1,495) | 320 | 495 | 803 |
| (Loss) income before income taxes | (717) | 475 | 864 | 731 |
| Income tax benefit (expense) | 389 | (457) | (636) | (1,214) |
| Net (loss) income | $(328) | $18 | $228 | $(483) |
| (Loss) income per common share: | ||||
| Basic | $(0.17) | $0.01 | $0.12 | $(0.26) |
| Diluted | $(0.17) | $0.01 | $0.12 | $(0.26) |
| Weighted-average common shares outstanding: | ||||
| Basic | 1,885 | 1,863 | 1,885 | 1,868 |
| Diluted | 1,885 | 1,863 | 1,885 | 1,868 |
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